Renewables

MVM purchases hydroelectric power plant

Photo: Pixabay

Published

February 24, 2015

Country

Comments

comments icon

0

Share

Published:

February 24, 2015

Country:

Comments:

comments icon

0

Share

State-owned MVM Hungarian Electricity Ltd. has purchased a 7.48 MW hydroelectric power plant (HPP) in Romania, more precisely a 90 percent stake, in order to “further strengthen its renewables portfolio”, Budapest Business Journal reported, citing an article in Hungarian language Romanian daily ’Kronika’.

According to the paper, the value of the transaction is approximately EUR 30 million based on a contract signed in January. The minority owner of the plant is the pension fund of the Hungarian Reformed Church of Romania. The acquisition is MVM’s first in Romania.

 

Tags:

Related Articles

geothermal well croatia

Croatia confirms major geothermal resource for district heating

30 June 2025 - The tested geothermal well could meet nearly 60% of district heating needs in Velika Gorica, the Croatian Hydrocarbon Agency says.

Montenegro NECP public consultation sole coal plant shutdown 2041

Montenegro publishes NECP for public consultation – sole coal plant planned for shutdown in 2041

30 June 2025 - The retirement of the Pljevlja coal plant is planned for 2041, but it depends on a just transition and supply security, the draft NECP reads

hydrogen natural gas pipeline

Serbia plans hydrogen transport through gas pipelines

30 June 2025 - Gas transmission system operator Transportgas has invited bids for producing a study on hydrogen transport through the gas network

LONGi ignites Romania energy transition 54 1 MW BC

LONGi ignites Romania’s energy transition with 54.1 MW BC technology triumph

30 June 2025 - A PV plant in Romania's northwest is on schedule for a grid connection in the fourth quarter. It features LONGi Solar's BC modules.